FW: RHB | Global | Making The USD Great Again

 

 

 

 

Economic Research			18 January 2018
Global
Economic Update
Making The USD Great Again   The consensus view and current momentum signal continued US dollar weakness. A more-hawkish-than-consensus ECB statement and a constructive political outcome in Germany have put even more pressure on the USD.   We are out on a limb. Our belief is that most of the news that would keep the USD weak and/or the EUR and JPY weak is getting priced in. Once the dust settles -- perhaps with an overshoot -- future currency movements are likely to depend on growth and inflation surprises and these surprises are more likely to be USD friendly.     Arup Raha  | +65 6232 3896
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

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